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Expenses include both cash & non cash expenditure for a particular accounting year whereas payments is the cash portion of expenditure.
nder the accrual method of accounting, expenses are costs that have been used up or have been incurred in the process of earning revenues and/or operating a business. For example, a retailer will report its cost of the goods sold as an expense of the period in which the related sales occurred (even if the retailer has not yet paid for the goods, or had paid for the goods in an earlier period). Some expenses are allocations of a cost that was paid in an earlier period (e.g. depreciation of an asset purchased in a previous year, the allocation of a 6-month insurance premium). Expenses also include costs incurred in the current period that will be paid in a later period (e.g. current advertising that will be paid for in the next accounting period). Interest on a loan is a daily expense even though all of the interest will be paid when the loan comes due in the next accounting period.
Expenses are costs that have been used up or have been incurred in the process of earning revenues and/or operating a business.
A payment is a disbursement of money (usually in the form of a check or currency).
The money spent on cost incurred in a company to generate revenue .Payment is dicharge of an obligation.
expenses
Money spent or cost in an organization's efforts to generate return,, representing the cost of doing business
payments
An amount that is paid or payable
some times become money spending fro the pre paid or accrual
